The Global Surgical Robotics Market Determined to Gain $17445.28 Million in Revenue by 2028

According to Triton’s report, the global surgical robotics market, which attained $5532.53 million in 2020, is anticipated to observe growth at 11.51% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Surgical Robotics Market’ includes the Global Analysis and Forecasts by Application (Neurosurgery, Urological Surgery, Gynecological Surgery, General Surgery, Orthopedic Surgery, Other Applications), Verticals (Ambulatory Surgery Centers, Hospitals), Type (Instruments & Accessories, Services, Robotic Systems), and by Geography (Middle East and Africa, Latin America, Europe, North America, Asia-Pacific).

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Based on Triton’s research report, the global market for surgical robotics is likely to witness growth at a CAGR of 11.51%, reaping revenue worth $17445.28 million.

Surgical robotics refers to the deployment of robots in various surgical procedures to lower the risk of contamination, making the process less time-consuming.

The healthcare sector has witnessed a significant rise in the adoption of robots owing to reduced costs and advanced technological capabilities. Moreover, the increase in 5G networks and integration of AI solutions further enhances the demand for robots for various applications in the healthcare sector. Therefore, the rise in the adoption of robotics in healthcare and technological advancements augments the progression of the surgical robotics market globally.
However, restraints such as threats associated with robotic surgeries, elevated costs, and the dearth of medical professionals hinder the development of
the surgical robotics market.

The global surgical robotics market is broadly sectioned into application, verticals, and type. Based on application, it is divided into neurosurgery, urological surgery, gynecological surgery, general surgery, orthopedic surgery, and other applications. In terms of verticals, it is bifurcated into ambulatory surgery centers and hospitals. Lastly, based on type, it is branched into instruments & accessories, services, and robotic systems.

Globally, the Asia-Pacific is estimated to witness the fastest growth rate in the surgical robotics market over the registered period. The growing economies and rapidly developing healthcare sector have led to the decentralization of institutions across significant countries. Moreover, this is likely to accelerate the adoption of robotic surgeries in more hospitals due to the decline in treatment costs. Above all, technological advancements have surged across the region, especially in the field of robotics. These developments hold the potential to augment the growth of the surgical robotics market across the APAC region.

Smith and Nephew Plc, Titan Medical Inc, CMR Surgical, Synaptive Medical Inc, Accuray Incorporated, Stryker Corporation, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc, Stereotaxis Inc, Auris Health Inc, Think Surgical Inc, Globus Medical Inc, Medrobotics Corporation, Medtronic Plc, and Asensus Surgical Inc are popular companies thriving in the surgical robotics market.


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Question & Answer: Surgical Robotics Market

Question 1: What factors augment the progression of the surgical robotics market globally?

Answer: The healthcare sector has witnessed a significant rise in the adoption of robots owing to reduced costs and advanced technological capabilities. Moreover, the increase in 5G networks and integration of AI solutions further enhances the demand for robots for various applications in the healthcare sector. Therefore, the rise in the adoption of robotics in healthcare and technological advancements augments the progression of the surgical robotics market globally.

Question 2: What factors hinder the development of the surgical robotics market?

Answer: Major restraints such as threats associated with robotic surgeries, elevated costs, and the dearth of medical professionals hinder the development of the surgical robotics market.

Question 3: Which region is estimated to witness the fastest growth rate in the surgical robotics market?

Answer: Globally, the Asia-Pacific is estimated to witness the fastest growth rate in the surgical robotics market over the registered period. The growing economies and rapidly developing healthcare sector have led to the decentralization of institutions across significant countries.

Moreover, this is likely to accelerate the adoption of robotic surgeries in more hospitals due to the decline in treatment costs. Above all, technological advancements have surged across the region, especially in the field of robotics. These developments hold the potential to augment the growth of the surgical robotics market across the APAC region.

Question 4: Which are the popular companies thriving in the surgical robotics market?

Answer: Smith and Nephew Plc, Titan Medical Inc, CMR Surgical, Synaptive Medical Inc, Accuray Incorporated, Stryker Corporation, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc, Stereotaxis Inc, Auris Health Inc, Think Surgical Inc, Globus Medical Inc, Medrobotics Corporation, Medtronic Plc, and Asensus Surgical Inc are popular companies thriving in the surgical robotics market.

Related Report:

Global Medical and Surgical Robotics Market

The global medical and surgical robotics market is projected to showcase growth in its revenue during
2019-2027 at a CAGR of 17.20%. It is predicted to attain revenue worth $24113.93 million by 2028.

Medical and surgical robotics is implemented of robotic systems to enhance the surgical process, assisting medical professionals in carrying out surgeries efficiently.

Factors such as technological developments, growing brain stroke cases, and lifestyle changes because of socio-economic developments are supporting the expansion of the medical and surgical robotics market globally.

Furthermore, the rising R&D activities in robotics, the growing elderly population, and limitations in traditional surgical procedures are opening new avenues for the medical and surgical robotics market.

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